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Dec 7, 2012
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michigan a long time bedrock of union employment could soon become the nation's 24th right to work state. protesters rallied at the state house and senate on thursday. both chambers passed separate bills banning mandatory union dues from non-union members. the republican governor said he would sign the bill when they are sent to him. tech stocks gave wall street a modest lift. the dow finished 39 points higher on thursday while the nasdaq was up 15 points. apple one of the tech stocks that led the stock market said it will move some of its mass computer production from china to the u.s. it accounts for less than 20% of apple's business. the rest is from ipod and ipad production. one factor may be that tiny labor costs are rising much faster than u.s. wages. and the securities and exchange commission is investigating netflix and the company's ceo. hastings is dismissing the s.e.c.'s claim that his facebook post in july may have boosted the online video company stock price. at the time he mentioned how much netflix viewing had increased. the stock price rose 19% over a two day period. the
michigan a long time bedrock of union employment could soon become the nation's 24th right to work state. protesters rallied at the state house and senate on thursday. both chambers passed separate bills banning mandatory union dues from non-union members. the republican governor said he would sign the bill when they are sent to him. tech stocks gave wall street a modest lift. the dow finished 39 points higher on thursday while the nasdaq was up 15 points. apple one of the tech stocks that led...
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Dec 11, 2012
12/12
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in michigan yesterday, president obama said the law was politically driven. susan mcginnis is in washington with details. good morning to you. >> reporter: good morning. yeah, the governor now says he wants the economic boost that the law would bring, the jobs and the companies that would locate there, but many disagree. workers say it's going to push down their pay and benefits and weaken unions. police stand shoulder to shoulder preparing for as many as 10,000 protesters at the michigan state capitol today. >> people have a constitutional right to demonstrate. however, all we ask is that they do it in an orderly, lawful, and civil manner. >> reporter: state legislators vote this morning on a right-to-work bill that would weaken unions. opponents acknowledge they're powerless to stop it. >> at the end of the day they'll be passed and signed by the governor. that doesn't make it right. >> reporter: the bill means michigan workers would no longer have to pay the union fees for negotiating contracts and other services. >> if i'm being provided a service by a pa
in michigan yesterday, president obama said the law was politically driven. susan mcginnis is in washington with details. good morning to you. >> reporter: good morning. yeah, the governor now says he wants the economic boost that the law would bring, the jobs and the companies that would locate there, but many disagree. workers say it's going to push down their pay and benefits and weaken unions. police stand shoulder to shoulder preparing for as many as 10,000 protesters at the michigan...
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Dec 12, 2012
12/12
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>>> and michigan's governor signs the state's controversial new right-to-work law, but not before labor activists protest throughout the capital. captioning funded by cbs >>> >>> this is the "cbs morning news" for wednesday, december 12, 2012. >>> good morning, everybody. i'm terrell brown. good to be with you. >>> oregon officials have tentatively identify the gunman who opened fire at a business shopping mall. christmas music was playing as the lone gunman fired shots yesterday afternoon near the food court at one of portland's largest shopping malls. the gunman killed two people and seriously wounded another before taking his own life. one witness heard him say, "i am the shooter," as he fired dozens of rounds into the machlt bigad shaban is live. good morning to you. >> reporter: terrell, good morning to you. it's an eerie and quiet scene here. it's a much different scene than yesterday when that masked gunman began firing inside one of the busiest malls in the portland area. cell phone video shows police escorting shoppers to safety, and the first moments after a masked gunman open
>>> and michigan's governor signs the state's controversial new right-to-work law, but not before labor activists protest throughout the capital. captioning funded by cbs >>> >>> this is the "cbs morning news" for wednesday, december 12, 2012. >>> good morning, everybody. i'm terrell brown. good to be with you. >>> oregon officials have tentatively identify the gunman who opened fire at a business shopping mall. christmas music was playing...
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Dec 19, 2012
12/12
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the winter storm warnings and watches are posted from oregon to michigan. heavy snow and high winds are expected in colorado, utah, and parts of arizona. highway and air travel delays are expected. >>> two fiscal cliff negotiations now. speaker john boehner is pushing ahead with a plan separate from the one he's trying to negotiate with president obama. he calls it plan b. the white house and democratic leaders have already rejected boehner's idea. nancy cordes has the details now from washington. >> our plan b would protect the american taxpayers. >> reporter: speaker boehner says he'll take his plan directly to the house floor with a bill to extend the low bush cut tax rates for all americans making less than $1 million a year. that's far higher than the $400 income cut-off the president is currently proposing, higher still that president obama's campaign promise to let taxes rise on households make 2g $50,000 or more. boehner said he has to bypass talks with the white house and pull the vote on his plan now because the president's latest fiscal cliff pro
the winter storm warnings and watches are posted from oregon to michigan. heavy snow and high winds are expected in colorado, utah, and parts of arizona. highway and air travel delays are expected. >>> two fiscal cliff negotiations now. speaker john boehner is pushing ahead with a plan separate from the one he's trying to negotiate with president obama. he calls it plan b. the white house and democratic leaders have already rejected boehner's idea. nancy cordes has the details now from...
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Dec 21, 2012
12/12
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lake-effect snow will extend from lower michigan to new york. heavy rainfall from the pacfic northwest to san francisco. and southern new england will be rain. >>> in sports oklahoma city thunder take their 12-streak winning game to minneapolis to face the timberwolves. check out this ridiculous shot by kevin durand. he puts the floater off the top of the backboard and it rolls in for the bucket. and he got the foul. minnesota's j.j. berea comes down the cord to give the timberwolves a 99-93 win, snapping their winning streak. >>> three-time olympic track athlete suzy favor hamilton has made a startling admission. she worked last year as a high-priced escort in las vegas. hamilton is considered one of the favored middle-distance runners in u.s. history. the award is named for her. favor hamilton says she coped with marital problems and depression by turning to prostitution. she said, i fully intend to make amends and get back to being a good wife, mother, daughter, and friend. >>> finally a fifth grader is playing with the big kids. julian newma
lake-effect snow will extend from lower michigan to new york. heavy rainfall from the pacfic northwest to san francisco. and southern new england will be rain. >>> in sports oklahoma city thunder take their 12-streak winning game to minneapolis to face the timberwolves. check out this ridiculous shot by kevin durand. he puts the floater off the top of the backboard and it rolls in for the bucket. and he got the foul. minnesota's j.j. berea comes down the cord to give the timberwolves a...
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Dec 20, 2012
12/12
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alerts stretch from kansas through michigan as major storm brings blizzards, severe thunderstorms and damaging winds. expect thunderstorms in the gulf coast states and cooler temperatures in florida. in t northeast sees rain tonight with a wintry mix in new england. a storm moving ashore in the pacific northwest and november california is creating heavy mountain snow and coastal flash flooding. hmm. that was almost not the word i said there. >>> "cbs moneywatch" on your thursday. a gm buyback and big bargains for last-minute bargain shoppers. save me, ashley. >> was a slippery slope there. good morning to you. it triggered profit taking. tokyo's nikkei dropped 1%, while hong kong's hang seng added a fraction. >>> hope turning to frustration over congress's ability to avoid a fiscal cliff sent a chill down wall street. the dow dropped nearly 99 points while the nasdaq shed 10 points. >> the u.s. government is selling its stake in the automobile maker that taxpayers bailed out four years ago. gm is buying back 200 million shares from the government. they'll unload the rest of its shares
alerts stretch from kansas through michigan as major storm brings blizzards, severe thunderstorms and damaging winds. expect thunderstorms in the gulf coast states and cooler temperatures in florida. in t northeast sees rain tonight with a wintry mix in new england. a storm moving ashore in the pacific northwest and november california is creating heavy mountain snow and coastal flash flooding. hmm. that was almost not the word i said there. >>> "cbs moneywatch" on your...
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Dec 10, 2012
12/12
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today, headed to michigan to talk to auto workers, part of his strategy to generate public support for his plan to avoid the fiscal cliff, the tax hikes and spending cuts due to kick in at year end. the president and house speaker john boehner met one on one at the white house on sunday. while no details were leaked, a rarity for washington, we do know the main sticking points remain. raising taxes on high earners and making cuts to entitlement programs like medicare. >> you know, they started their tango now, and any time you start a tango, you have to get it done. >> more republicans are accepting the idea that wealthy americans will get a tax raise hike. >> there are a group of folks looking at this realizing we don't have a lot of cards before year end. >> but others remain opposed to raising taxes on the top 2%. >> the president wants the rates to go up. that doesn't solve the problem, and we don't want to be back here in another year, another ten years trying to answer the question. >> the deadline for an agreement is closer than you might think. many here on capitol hill tell us
today, headed to michigan to talk to auto workers, part of his strategy to generate public support for his plan to avoid the fiscal cliff, the tax hikes and spending cuts due to kick in at year end. the president and house speaker john boehner met one on one at the white house on sunday. while no details were leaked, a rarity for washington, we do know the main sticking points remain. raising taxes on high earners and making cuts to entitlement programs like medicare. >> you know, they...